SET Announcements

No. IR005/2002 29 April 2002 Re: Report of the Resolutions of Annual General Meeting of 2002 To: President of The Stock Exchange of Thailand Bangkok Aviation Fuel Services Public Company Limited held the Annual General Meeting of 2002 on 29 April 2002, starting from 10:30 hrs. and the meeting passed the following resolutions: Agenda 1Resolved to approve the minutes of the Annual General Meeting of 2001 Agenda 2Resolved to approve the Report of the Board of Directors regarding the Performance of the Company in the Year 2001 and Future Operation Plan as proposed Agenda 3Resolved to approve the financial statement for the year 2001 as proposed Agenda 4Resolved to approve the allocation of the profits and reserve fund as follows: (Unit : Million Baht) Dividends for the year 2001 154.50 (Baht4.54/share) Profit Carried Forward to 232.00 386.50 and that the dividends be paid to the shareholders whose names appear in the share register at the closure on April 12, 2002. Agenda 5Resolved to re-elect Mr. Tasnai Sudasna Na Ayudhaya, M.R. Supadis Diskul, Mr.Bancha Patanaporn and Mr. Virasak Tokakuna as the directors of the Company and Mr. Manas Leeveraphan as the independent director and the chairman of the Audit Committee Agenda 6Resolved to appoint Mr. Ruth Chaowanakavee, auditor license No. 3247 or Mr.Sophon Permsiriwallop, auditor license No. 3182 or Miss Roongnapha Lertsuwanakul, auditor license No. 3516 of Ernst & Young to be the Company's auditors for the year 2002, either of whom may audit and make any comment on the Company's financial statement. In the event that the aforesaid auditors are unable to perform, Ernst & Young may arrange other auditors of Ernst & Young as substitutions. The remuneration (excluding out of pocket expenses, such as traveling, facsimile and photocopy) for year 2002 will be Baht 400,000 Agenda 7Resolved to approve the directors remuneration for the year 2001 in the aggregate amount of Baht 5,520,000 and the Meeting Fee to be payable at the same rates as the previous year, namely Chairman Baht 30,000/month Director Baht 26,000/month/person Agenda 8Resolved to change the par value of the Company's ordinary shares from Baht 10 per share to Baht 1 per share Agenda 9Resolved to amend Clause 4 of the Company's Memorandum of Association to read as follows: Clause 4 Registered Capital 340,000,000 Baht (three hundred and forty million Baht) Divided into 340,000,000 shares (three hundred and forty million shares) At the par value of 1 Baht (one Baht) Consisted of Ordinary shares 340,000,000 shares (three hundred and forty million shares) Preferred share - share Agenda 10 Other Businesses (N/A) Please be informed accordingly. Respectfully yours, Signed _________________ (M.R. Supadis Diskul) Managing Director